Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is one of the Big Five American information technology companies, alongside Alphabet (Google), Apple, Meta (Facebook), and Microsoft.
Amazon has announced that it will be cutting 9,000 more jobs in a fresh round of layoffs. This comes after the company announced earlier this year that it would be eliminating 18,000 positions in a cost-cutting effort. The latest cuts will mostly impact people working in the Amazon Web Services, People Experience and Technology (PXT), advertising, and Twitch divisions.
According to CNN, Amazon CEO Andy Jassy explained that the decision to lay off employees was a difficult one, but necessary for the long-term success of the company. He also clarified why the announcement was made separately from the previous round of job cuts, stating that not all teams had completed their reviews at the time of the first announcement and the company wanted to ensure thoroughness in the process.
As part of a larger trend in the tech industry, many companies are streamlining their costs and headcounts to remain sustainable. While difficult for those affected, these decisions are apparently necessary to ensure that these companies can continue to grow and thrive in the future.
Read our post on Meta’s (Facebook-parent) recent layoff announcement.